The Travelers Companies, Inc. (TRV) Scheduled to Post Quarterly Earnings on Thursday
The Travelers Companies, Inc. (NYSE:TRV) is scheduled to issue its quarterly earnings data before the market opens on Thursday, July 20th. Analysts expect the company to announce earnings of $2.12 per share for the quarter.
The Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, April 20th. The insurance provider reported $2.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.40 by $0.24. The business had revenue of $6.18 billion during the quarter, compared to the consensus estimate of $6.25 billion. The Travelers Companies had a return on equity of 12.01% and a net margin of 10.55%. The business’s revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 earnings per share. On average, analysts expect The Travelers Companies to post $9.19 EPS for the current fiscal year and $9.79 EPS for the next fiscal year.
Shares of The Travelers Companies, Inc. (TRV) opened at 126.23 on Tuesday. The firm has a 50-day moving average of $124.75 and a 200 day moving average of $121.62. The Travelers Companies, Inc. has a 52-week low of $103.45 and a 52-week high of $129.60. The company has a market capitalization of $35.27 billion, a P/E ratio of 12.42 and a beta of 1.20.
The Travelers Companies declared that its board has approved a share buyback program on Thursday, April 20th that authorizes the company to buyback $5.00 billion in shares. This buyback authorization authorizes the insurance provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 9th were paid a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This is a boost from The Travelers Companies’s previous quarterly dividend of $0.67. This represents a $2.88 annualized dividend and a dividend yield of 2.28%. The Travelers Companies’s dividend payout ratio (DPR) is currently 28.40%.
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In related news, EVP Maria Olivo sold 8,186 shares of the business’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $124.84, for a total value of $1,021,940.24. Following the completion of the transaction, the executive vice president now owns 88,697 shares of the company’s stock, valued at $11,072,933.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jay S. Benet sold 5,518 shares of the business’s stock in a transaction dated Monday, July 10th. The shares were sold at an average price of $126.57, for a total value of $698,413.26. Following the completion of the transaction, the insider now directly owns 82,824 shares of the company’s stock, valued at approximately $10,483,033.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,746 shares of company stock valued at $22,540,057. 0.82% of the stock is owned by insiders.
A number of research firms have commented on TRV. BidaskClub cut shares of The Travelers Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Vetr raised The Travelers Companies from a “hold” rating to a “buy” rating and set a $132.68 target price for the company in a report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $115.00 target price on shares of The Travelers Companies in a report on Thursday, May 25th. Bank of America Corporation downgraded The Travelers Companies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $120.62 to $129.44 in a report on Monday, June 19th. Finally, Citigroup Inc. lifted their target price on The Travelers Companies from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $123.47.
About The Travelers Companies
The Travelers Companies, Inc is a holding company. The Company’s segments include Business and International Insurance; Bond & Specialty Insurance, and Personal Insurance. Through its subsidiaries, it provides commercial and personal property and casualty insurance products and services. The Business and International Insurance segment offers property and casualty insurance and insurance related services to its clients, in the United States and in Canada, as well as in the United Kingdom, the Republic of Ireland, Brazil and throughout other parts of the world.
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